2003 Beehive Federal Credit Union

What 2003 Beehive Federal Credit Union does

Beehive Federal Credit Union is a federally chartered, member-owned, not-for-profit credit union headquartered in Rexburg, Idaho, founded in 1960 as Ricks College Credit Union. The institution holds an NCUA authorization to serve members of The Church of Jesus Christ of Latter-day Saints throughout the state of Idaho, and currently serves over 30,000 members with assets exceeding $500 million through five physical branches across Southeast Idaho and the Boise area. It operates under a community-led go-to-market model built on local relationships, word-of-mouth referrals, and shared faith-based values, with a workforce of 100-150 employees.

The credit union's product platform is comprehensive for a community institution, spanning share savings, checking (including a "Better Than Free" account with no monthly fees), money market accounts, certificates, IRAs, and consumer and commercial loans covering home purchase and refinance, HELOC, auto, RV, boat, motorcycle, ATV, personal, and business equipment, real estate, and construction financing. Digital channels include a web-based "WebBranch" online banking platform, iOS and Android mobile apps, bill pay, and mobile deposit with per-day limits up to $5,000. A recent February 2025 core infrastructure upgrade was deployed to improve online and mobile speed, reliability, and failover redundancy.

Revenue is generated through the net interest spread on loans and deposits, fee income on account services, and interchange from debit and credit cards; the institution also offers a high-yield business savings product (up to 4.01% APY) as a deposit-gathering tool. The business model is cooperative: as a not-for-profit, surpluses are returned to members through competitive rates, low fees, and reinvestment into branches, technology, and community programs (including a scholarship program totaling $100,000 over eight years).

Name

2003 Beehive Federal Credit Union

Legal name

Beehive Federal Credit Union

Website

https://beehive.org

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Beehive Federal Credit Union is a federally chartered, member-owned credit union serving over 30,000 members of The Church of Jesus Christ of Latter-day Saints in Idaho, offering consumer and commercial banking, lending, and digital services through five branches and assets exceeding $500 million.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

Savings Institution, Federally Chartered (6035), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking
• Consumer lending
• Mortgage loans
• Credit union services
• Commercial lending

Headquarters

HQ city

Rexburg

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Credit union generates revenue primarily through interest charged on loans including home loans, vehicle loans, personal loans, and credit cards. Loans include home purchase, refinance, HELOC, auto, RV, boat, ATV, and personal loans.
2. Deposit Interest Spread: As a credit union, Beehive pays interest on member deposits (savings, checking, certificates, IRAs) and earns the spread between what is paid to depositors and earned on loans.
3. Account and Service Fees: Fees associated with various account services including overdraft fees, ATM fees outside network, wire transfer fees, and specialized services. Free checking available with no monthly fees.
4. Card Services: Revenue from debit cards and credit cards including interchange fees and annual fees on credit cards.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Beehive Federal Credit Union provides retail banking, consumer and commercial lending, and investment products to its membership. Core offerings include share savings and free checking accounts, certificates, money market and IRA accounts, Visa debit and credit cards, mortgages, home equity, auto, RV, boat, personal and commercial loans, all delivered through physical branches, a digital banking platform, mobile apps and shared branching.

Product overview

Beehive Federal Credit Union offers a comprehensive suite of financial products and services through a single, unified credit union banking platform. The core offerings include multiple savings and checking account types (Share Savings, Better Than Free Checking, Youth/Student accounts, Money Market, Certificates), consumer and commercial lending products (auto, home, personal, business, and specialty loans including vehicles, RVs, boats, pianos), credit and debit cards, and investment products (Traditional IRA, Roth IRA). Digital banking services are delivered through WebBranch online banking, a mobile banking app, Bill Pay, and Mobile Deposit. The institution serves members of The Church of Jesus Christ of Latter-day Saints across Idaho with five physical branches and serves over 30,000 members nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Share Savings Basic savings account that allows members to deposit funds and earn interest on balances.
• Better Than Free Checking Free consumer checking account with no monthly fees, including online and mobile banking with bill pay for everyday banking needs.
• Youth Account Checking and savings accounts designed for young members, including student-specific options to support early financial education.
• Student Essentials Banking products tailored for students including savings and checking options.
• Missionary Savings Savings account designed for missionaries preparing for or returning from service.
• Pocket Change Savings program that rounds up purchases to automatically save the difference.
• Certificates Term share certificates offering fixed-rate savings for specified periods.
• Money Market Accounts
• Debit Cards Visa debit card for everyday purchases with access to ATMs and point-of-sale transactions.
• Credit Cards Credit card products for members with various rewards and rate options.
• Business Credit Cards Credit cards designed for business members with tools for managing business expenses.
• High-Yield Business Savings Business savings account offering up to 4.01% APY for qualifying business members.
• Home Purchase Loans Mortgages for purchasing homes, including fixed and adjustable-rate options.
• First-Time Home Buyer Loans Mortgage products designed specifically for first-time home buyers with favorable terms.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, allowing flexible borrowing up to a set limit.
• Home Loan Refinance Refinancing options to replace an existing mortgage with potentially better terms.
• Land Loans Loans for purchasing land or vacant property.
• Construction Loans Financing for building new homes, including construction-to-permanent options.
• Auto Loans Vehicle financing for purchasing new or used automobiles, with rates starting at 5.39% for qualified borrowers.
• RV Loans Financing for recreational vehicles including motorhomes and campers, at 7.20% APR.
• Boat Loans Loans for purchasing boats and watercraft.
• Motorcycle Loans Financing for motorcycles.
• ATV/UTV Loans Loans for all-terrain vehicles and utility task vehicles.
• Travel Trailer Loans Financing for travel trailers and fifth wheels.
• Personal Loans Unsecured loans for various personal financial needs.
• Commercial Vehicle Loans Loans for business vehicles including trucks and commercial transportation.
• Equipment Loans Financing for business equipment purchases.
• Business Line of Credit Revolving credit facility for business operational needs.
• Commercial Real Estate Loans Loans for purchasing or refinancing commercial property.
• Commercial Construction Loans Financing for commercial construction projects.
• Traditional IRA Individual Retirement Account with tax-deferred growth on contributions.
• Roth IRA Roth individual retirement account with tax-free growth and qualified withdrawals.
• Loan Insurance Insurance product to cover loan payments in case of death, disability, or job loss.
• Online Banking (WebBranch) Internet banking platform for account management, transfers, and transactions through a web browser.
• Mobile Deposit Allows members to deposit checks using their mobile phone camera, with deposits up to $5,000 per day and instant access to cash between $200-$5,000.
• Beehive Bill Pay Centralized bill payment platform allowing members to pay bills, set up alerts, schedule recurring payments, and send money to friends; free service for members through WebBranch.

Quantifiable outcome

• Asset size over $500 million serving over 30,000 members
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Headwaters Construction CompanyminorStrategic or Co-development Partner · 23 October 2025Local construction company from Rexburg partnering with Beehive for construction of the new Hitt Road Branch in Idaho Falls. Groundbreaking held October 23, 2025 at 2072 N. 25th E., Idaho Falls, Idaho 83401.
• NBW ArchitectsminorStrategic or Co-development Partner · 23 October 2025Architecture firm from Idaho Falls providing architectural design services for the new Hitt Road Branch. Partnering on the branch expansion project.
• Idaho Falls Area Humanitarian CentercoreOthers · 1 September 2024Non-profit organization serving the Idaho Falls community for over a decade. Beehive made a $7,000 donation and committed ongoing employee volunteer teams. The Center distributes hygiene kits and essential items to those in need through partnerships with over 100 local agencies.
• Self Reliance Empowerment Foundation (SREF)minorOthers · 1 July 2024Non-profit foundation in Ghana committed to breaking the cycle of poverty through education and skills development. Beehive donated 15 computers valued at $3,000 which the foundation sold to support their education and skills programs.
• CO-OP Credit Unions (Shared Branching)coreChannel Partner/ Reseller/ DistributorNetwork partnership allowing Beehive members to access branch services at shared branching locations nationwide. Enables credit union members to conduct transactions at other credit union branches.
• Dave Ramsey (Financial Peace University)minorOthersPartnership with Dave Ramsey's Financial Peace University offering financial education resources to Beehive members. Provides budgeting and financial planning tools and courses.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• SchoolsFirst Federal Credit Union: Large federal credit union serving a defined occupational community (school employees) with full-service banking. Comparable not-for-profit, field-of-membership-driven model and product breadth.
• Idaho Central Credit Union: Idaho's largest credit union, serving members statewide with a similar full suite of deposit, lending, and digital products. Most directly comparable peer given shared geography and overlapping community/membership positioning.
• Connections Credit Union: Idaho community credit union (formerly Idaho United Credit Union) offering consumer and business banking across the state. Directly competes for retail members and small businesses in Beehive's footprint.
• Wasatch Peaks Credit Union: Regional community credit union operating in Idaho and Utah with consumer and business banking. Comparable field-of-membership approach and full-service retail banking product set.
• Pioneer Federal Credit Union: Idaho-based community credit union providing consumer deposit and loan products. Similar size and community-cooperative structure make it a useful scale and product benchmark.
• Capital Educators Federal Credit Union: Idaho-based federal credit union serving educators and affiliated groups with deposits, consumer lending, and mortgages. Comparable in scale, charter type, and community-led model.

Broad incumbents

• Connexus Credit Union: Nationwide community credit union with strong digital channel and consumer lending. Comparable cooperative structure and product mix, with a much larger member base providing scale benchmark.
• Alliant Credit Union: Large community-focused credit union offering nationwide digital banking plus consumer lending. Useful broader-incumbent benchmark for digital UX, pricing, and scale of a community-charter model.
• PenFed (Pentagon Federal Credit Union): One of the largest federal credit unions in the U.S., serving a defined military/affiliate field of membership with full banking and lending. Comparable federal charter and field-of-membership model, but at materially larger scale.

Regional players

• Mountain America Credit Union: Large regional credit union operating across the Intermountain West with full-service retail and commercial banking. Comparable community charter and product breadth, but larger and geographically broader than Beehive.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Beehivecu
• Facebookfacebook.com/BeehiveCU

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 2003 Beehive Federal Credit Union